What does Suning mean by willful ban on loans?

Suning's willful loan has a grace period of 3 days. Repayment within 3 days of grace period does not affect personal credit. However, if the arrears are not paid off in time after the grace period, you will first receive a text message from Suning's willful loan staff, which will generate a certain penalty interest according to the number of overdue days. In addition, Suning's willful loan will report overdue behavior to the central bank's credit information system, which will have an impact on personal credit information.

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I. Suning Financial Loan

1. Lending institution

The loan products in Suning Finance are provided by financial institutions such as Suning Bank and Suning Consumer Finance. Suning Bank is a private bank approved by the state. Suning Consumer Finance is a financial institution that has obtained a consumer finance license. Therefore, the lenders of Suning's financial loans are all legal.

2. Lending mode

Suning's financial loan adopts the pure credit loan mode, and the borrower can provide ID card, bank card, mobile phone number, face recognition information, etc. The loan method complies with relevant laws and regulations.

3. Borrowing costs

The borrowing cost of Suning's financial loan is related to the actual situation of the borrower. The loan interest is generally calculated on a daily basis, and the daily interest rate is about 0.05%, that is, the annualized loan interest rate is 18.25%. Compared with the usury red line with an annualized loan interest rate of 36%, the borrowing cost of Suning's financial loan is in compliance with laws and regulations.

4. Collection method

Judging from the current collection methods fed back by netizens, Suning's financial loans are relatively civilized in the collection process, and there is almost no violent collection.

Second, how to borrow Suning's consumer finance loans?

1, willful loan

If you want to apply for a willful loan, there are generally these steps: identity authentication-official review-completion of opening-application for a loan. The daily interest rate of the loan is at least 0.02%, and new users can get interest-free coupons for up to 30 days.

Self-willed loan is a product with inclusive credit, and the loan threshold is relatively low. The loan applicant must be at least 22-55 years old, have full capacity for civil conduct, be a mainland citizen, have a good credit record and no serious negative information, and have financial resources.

Step 2 Pay at will

Arbitrary payment is a personal consumption installment product of Suning Finance. For discretionary payment, you can purchase first and then repay, and you can enjoy installment with a down payment of 0. The loan can be divided into 24 installments at the longest.

The application requirements are similar to those of willful loans, but the age requirements are slightly relaxed, 18 years old is enough.